Borokhovich, Kenneth A; Brunarski, Kelly R; Parrino, Robert - In: Journal of Finance 52 (1997) 4, pp. 1495-1517
This article examines incentives for adopting antitakeover charter amendments (ATAs) that are associated with compensational contracts. The evidence is consistent with the hypothesis that antitakeover measures such as ATAs help managers protect above-market levels of compensation. Chief...